Following the successful migration of semiconductor foundries business to Taiwan, IC design houses are now flowing to Asia. As a result, the opportunities for venture capital investments in Greater China are increasing. Based on on-the-ground experience gained during the past ten years dealing with high-tech venture businesses between Silicon Valley and Asia, Jesse Chen will share his unique perspective on the changing dynamics of risks, timing, business sectors etc. for optimizing investments in the high tech industry in Greater China.

Jesse Chen is managing director of Maton Venture. Maton is a global venture with strategic investors and VC partners from the U.S., Europe, Japan, and Taiwan. Launched in October 1997, Maton now has thirty-two portfolio companies across Semiconductor, Communication, Software and other Information Technology industries. As of December 2002, three have gone public and five have been acquired. Jesse currently serves as board member for eleven companies.

Before Maton, Jesse co-founded BusLogic, Inc. in 1988 and served as CEO and president until it was acquired in 1996. BusLogic designed and marketed ASIC, Board and Software for the computer storage industry. Under Jesse's leadership, BusLogic achieved twenty-two quarters of consecutive growth and profitability, yielding BusLogic's first investor more than sixty times return of investment within six years. BusLogic is now part of IBM.

Jesse also served as chairman of the Global Monte Jade Science and Technology Association from 1998 to 2000 and served as Chairman of Monte Jade West from 1997 to 1998. Monte Jade has more than one thousand high tech corporate members throughout North America and Asia and more than fifty are public companies.

During the past decade, multinational companies (MNCs) have made radical institutional changes: instead of generating research and development (R&D) knowledge solely in central laboratories in home countries, they have shifted their strategy to developing the capability to absorb and utilize cutting-edge technologies worldwide. Based on over 80 interviews with mainly electronics and pharmaceutical companies in Europe, Japan and the United States, this presentation addresses the question: How have MNCs developed their capability to evaluate, internalize, and utilize external R&D knowledge from abroad? Still a work in progress, this research provides an understanding of the evolutionary process of internationalization of R&D as well as the various strategies of Japanese and European high technology MNCs to absorb new technologies from US and Europe.

Biography: Seiko Arai is a doctoral student at the University of Oxford, UK, and currently a visiting scholar at Shorenstein APARC, Stanford University. She obtained a bachelor's degree in law and political science from the University of Tokyo, Japan, and a Masters in public policy from Harvard University. She has worked for the Japanese government and the headquarters of the Organization for Economic Cooperation and Development (OECD), France, in the areas of science and technology and education policies.

This talk will discuss Wipro's growth to become one of India's top three software service providers and its readiness for the future. To achieve its current position, a key strategy was to develop human capital by providing an entrepreneurial working environment and undertaking a higher level of complexity of work than available with competitors, supplemented by an internal degree program. How will this strategy help the firm in the emerging environment characterized by a slowdown in traditional businesses, strategic shifts towards high-end work and the growth of untraditional, IT-linked businesses (such as business process outsourcing)?

12:00 p.m. Akira Kobayashi, Japan Patent Office (DO) "How to Handle Patents in Venture Companies" 12:20 p.m. Joseph Huang, AllCan Investment Company (MH) "Venture Capitals and Entrepreneurship in the Silicon Valley and the Greater China Region" 12:40 p.m. Seishi Nakatani, Shiraimatsu Pharmaceutical (DO) "Evaluation of the IT Industry Potential" 1:00 p.m. Tetsuo Fujita, Japan Research Institute (GS) "The Role of Information Technology on the Economic Development of Japan" 1:20 p.m. Makoto Kawashima, Ministry of Finance (DO) "Recent Changes to the Banking Business Model and the U.S. Response" 1:40 p.m. Eui Yong Chung, Samsung Company (GS) "Collaboration Between the U.S. and Korea in the Semi-Conductor Industry"

The success of India's export-oriented software industry is well known. Whether information technology (IT) can contribute to development beyond the obvious income effects generated by software exports depends on how pervasive are IT's impacts on the economy, ranging from improving the efficiency of existing businesses, to enabling new kinds of goods and services. In a developing country such as India, it is of particular interest whether such benefits can reach the poor, and even help in directly reducing the deprivations associated with poverty. Professor Singh's talk and paper will examine two ongoing experiments that aim to provide IT-based services to rural populations in India. Several features distinguish these experiments from others: a combination of public and private efforts, with "nonprofit" organizations acting as catalysts; goals of commercial sustainability, both for the local entrepreneurs and the nonprofits; and an eclectic approach to the services that are sought to be provided. The paper's main contribution is to draw some preliminary lessons from comparing two different approaches in localities that are geographically close and economically similar. While the ultimate goals of the two organizations studied are quite similar, he identifies some important differences in implementation that may have more general implications for the success of such experiments. Nirvikar Singh is currently Director of the Business Management Economics Program at the University of California, Santa Cruz, where he is Professor of Economics. He teaches courses on business strategy, technology and innovation, and electronic commerce, as well as graduate microeconomic theory. He has consulted for the World Bank and for high-tech start-ups in Silicon Valley. Professor Singh's current research topics are electronic commerce, business strategy, technology and innovation, governance and economic reform in India, federalism, international water disputes, and economic growth.

The emergence of global information society changes the nature of the relationship between society, knowledge, and technology. This affects in a fundamental way the role of ICTs (Information and Communication Technology) for the distribution of knowledge, the development of network economies, networks of social innovation and networks of co-development. Knowledge networking is seen here in terms of creating cross-cultural alliances among the university, enterprise, and the media, through creating symbiotic relationships between local and global knowledge resources. The focus is on promoting a culture of shared communication, values and knowledge, seeking cooperation through valorization of diversity, social cohesion and subsidiarity. This focus is informed by the human centered vision of Information Society, which moves the digital divide discourse beyond the technocentric agenda toward a human centered agenda that recognizes the purpose of ICT as promoter of social cohesion in which shared communication and shared knowledge drive cohesion, and cohesion generates shared communication and an increase in shared knowledge. The discussion will be illustrated by an example of the European - India Cross Cultural Innovation Network, a unique project of the European Commission that promotes cross-cultural cooperation, action research and knowledge networking.

Mr. Clark has over ten years of telecoms and technology financing and consulting experience. He has seven years of experience in China's telecom market and has been involved in the Internet in China since its commercial inception in 1995. He is the founder and managing director of BDA (China), a telecommunications and technology consulting and research firm focused on China. Duncan has leveraged his understanding of finance, telecoms and technology to build BDA into a leading Internet and telecoms consultancy in China. He speaks at a variety of industry, academic, and government events and is a technology columnist for The South China Morning Post.